MANCHIN, MORAN REINTRODUCE BIPARTISAN LEGISLATION TO PROTECT COMMUNITY BANKS FROM REGULATORY OVERREACH
Press Release
Issues: Finance and Banking
“An effective and fair examination process for financial institutions is vital to the health of our banking system and beneficial for consumers, especially in rural states like West Virginia. I’m proud to reintroduce the bipartisan FAIR Exams Act, which would ensure any bank or financial institution that undergoes a supervisory exam has an impartial third party that reviews these exam findings before regulatory agencies can take action against them. I encourage my colleagues on both sides of the aisle to support this commonsense bill to strengthen transparency in our financial institutions and increase accountability on agencies.”
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